Evening Star Newspaper, July 12, 1929, Page 13

D. O, FRIDAY, JULX . 12," 1929. CONVERTIBLE BOND | Cox-sex vons BONDS sroex rcnaver] Received by Private Wire Direct to The Star Office Saleg, High. Low. Close. ISSUES ARE STRUNG e Sliines Southwest Bell 5s.. P 1024 102% 1025 - ; Sales. High. Low. Close Stand O1l N J 68 2 100% 101 319 n Libs 716 9710 9731 Stand OIIN Y 4% S lfl’- 94%a | 7 ";l‘ zg :’f’ ::l‘. 102% 104% American Telephone Leads; TN eraz v Uss 25 984 984 in Activity—Rail Group 3 ‘e 1% 26 108 17 108 17 Shows Firmness. O o asa. | s MR A g by 1 = o Coors | Walworth 6358’38, 7 99 4 : 16 4 T o s b F " Wi s 41.. BY CHARLES F. SPEARE. psil 7 Westa tnien 85 61 UR I ISS - RIGHT s + | Westn Union 6148, emneeigs [ ON u CORPORATION ug . 2 oa | Whison & Co 18t £, 9 09 uniformly strong market today for all | Ausira; L xtign o% ] willys-Ov 6345 33. of the convertible bond issues, with | Austral 3 5% | Youngstn B & T 5s. 44 American Telephone & Telegraph 485 | Austris 6 1021 2 RAILROAD. the conspicuous leader of this group. | Bank of 96'% 96 Ann Arbor 4. 173 B G These bonds were turned over in; 8ank of Chile 984 9 ison 2 Y D Ag m Jarge amounts at successive new high | Bel 1008 100% Alohae ¢34 ePOSIt reement price levels. Before midday they had | 3105 104% Atlantie C Liel 48.. advanced over 5 points. The total | 3 107% 107% | Atiantie C L ist 4s. trading in them since June 1 amounts | Beigium s 195 1057 B&O Gold to about $70,000.000, with the advance | Belgium 7%s. the past three weeks alone 30 points. | Belgtum 8 7 metvisines 21 100% 100 250 5 100 Curtiss Aeroplane & Motor Company, Inc. Wright Aeronautical Corporation International Telephone 4)ss were | Bordeaux comparatively” dull ‘and at a discount | srasii e ! ¢ ’ Curtiss-Robertson Airplane Manufacturing Company Keystone Aircraft Corporation 14| Brookiv ki i s ; Curtiss Flying Service, Inc. Moth Aircraft Corporation price of the American Telephone 415 BKiyn Mannat 6s The railroad convertibles showed a:Brazil$s. 106 5 i % s strong tone. ~ Atchison 413 guined 31z Bremen State 100 Bklyn Un i 3s's 51 : Curtiss Aeroplane Export Corporation New York and Suburban Air Lines, Inc nts early. v 58 o " ush Term con ‘ 3 § ~ . s ¢ oAb ol ey 915 9. . Curtiss Airports Corporation New York Air Terminals, Inc. were unusually active at a premium of ! 4 points over their issue price and re- | Sanade n 1962, Gan Natienit] 93ls 3t 93 s : . N a Helie- Curtiss-Caproni Corporation To the Stockholders and /or Holders of Voting Trust Certificates and/or Units of : Set sponding closely to the movements in | Ganada §l4s 192 Alleghany Corporation shares. Ameri- | Chile §2780 can International 51»s Tose a point on| oo te ¢1 the excellent earnings statement of the | ShTistiania 63 .. .. corporation and American 1. G. Corpo- | Solombia 6s Janél, ration and American I G. Chemical|GoR Pow Japanis.. 51,5 about the same. | . New low prices for the year were quoted on Interborough Rapid Transit| 5 and 6 per cent refunding issu i Wighe Of the vear. ‘Hudton Conl e | Denmark §13s, 8. were bid up a point_after selling at a | | Ches & 0 474803 A ;.;:flla':_x‘\:m:xaav!;fig&m;rc‘l’:lmlfv;f‘zal HCR&Q Y. s ; It is expected that if the Plan is declared effective, there will be many economies made possible in the T g Hand Ve atial e i operation and management of the Companies, and in addition the research work of the manufacturing dral 1:,::::::;,‘. 1o o "(:lhlkh:d‘il..':on ; : Companies may be concentrated and very greatly expanded. Some reaction occurred in the U. .| Finland 7s. ChIM&SIFS 1 sCBY. R 2 If the Plan is declared effective, Curtiss-Wright Corporation will have a complete line of airplanes and , . list W ves " | Framerican T3 3 1038 | ChiM1ISP&PactsTs. T 5 S 5 : 2 AHArsfadvenc: f-‘r"lxl:m:'gru‘omgg:fi;‘ A 110 | CMSP&Pacadj5s03. - motors, excellent distributing agencies and dealer organizations, domestic and foreign, and the ownership R S C T [ : e ke g s ol of many of the country’s finest airports. Substantially all of the present types of military and naval metors while the Treasury fssies are from 315 | Ges e : 08k | SRINW OIS 2037.. 3 g and plape: will be continued and (iC\:cInpcd. ; L ons o ot CHTw e B} 2 Cni R1& B En 48 . | The following firms and corporations, all of which hold substantial interests in one or mare of the above cent certificates were quoted closes to | Greek 68 1968 ¢ e e, & named Cempanies, as well as other holders of large stock interests therein, have indicated their approval # 4 per cent bas | Chi Union Sta 6138 : of this Plan and their intention to exchange their stock and/or the stock controlled by them for shares of e —— I 4 S i IL‘:::; | Chi Union Sta §s... 17 5 el Guctise Wiithe @ : Washington Stock Exchange £ oo e snd | S LA ALY : : P L it Mgl Emponnioe : sane . 25 9n 2 | CAY Ret be Boen, '3 10 Haypex, Stoxe & Co. BANCAMERICA-BI,A!! CORPORATION Washingion Gas 5551000 at 1001 TR e 1804 CCCaSL deb 4 ( 96 James C. WiLrson & Co. A b 12 e cth - .| Clev Term 5348 ; 6 < : v Washington Gas 6 A-—s200 at 1:01,:fh:3:'15. 4 + 9% Cuva R R 58 % 87 o Dominick & Dominick G. M-P. Murpuy & Co. $200/ aLS10012, $100 REELO0E IR I00RRS eirnieas : I'a 91| Des M &FtD 4scts - 5 | Hemruie, Noves & Co. Jacksox & CurTis " = B 1, | Montevideo 7 e E 1003 | el & Hud 5% s..es 2 i 3 k. P s & O WAILinginy Cas e “BI4200AL10314, et senARER 131 - 8 5" 108" | Del & Hud 7s 30 1004 Craxe, Parris & Co. M : 91 | Den& RioGen4s.. 8 Sym AU e R et ¢ 52 | Denchio aa36. 3 ool a0 u Curtiss-Wright Corporation is to be organized under the laws of the State of Delaware. It shall have o o . OS x X % 00! Ri0 G West s P’ at 9. 9ulm| DRG & Watss 8 3 : an authorized capital stock consisting of Twelve Million (12,000,000) shares of no par value, of which Two Washington Rwy. & Elec. 45—$1.000-at | x, g is || DIELCHE S ! oo, ; s , v 5 6, £ N U 0 e Million (2,000,000) shares will be Class A stock entitled to a non-cumulative preferential payment of not OSDESIT cHion Ol Bt 044 Norway 638 1952 100 100% | Erie conv 4s B.. 2 81w 81w 8 to exceed $2.00 per share annually, and Ten Million (10,000,000) shares will be Common stock. Potomac Electric 6% pfd.—5 at 112. | Orient Dev 5148 67, 2 857 854 o7 . =8 d A & Wachington Rwy. & Flec. pfd.—5 at 98. | i ot S 7 43 The Class A stock and the Common stock shall have equal voting rights, one vote: for each share. | i Riggs Nati 1 Bank—3 at 576. s 5 - ~ . ¢ \ Feeral-American Co. pfd.—20 at 101%, : H G | S ; 6 Class A stock shall be callable at any time by the Corporation, at Forty ($40). Dollars per share. e s 98 1 Ui | Fonda JaG i & ai 2. a3 Class A stock may be exchanged flat at any time, share for share, for Common stock and in caseof liquida- at 1067, i Poland 65 40. T8 R et Rt tion or a distribution of assets, the holder of each share of the Class A stock and the holder of each share of Poland 7s (rcis). 5 86 ¢ | Grand Trunk i Mergenthaler Linotype—20 at 105, | L g R o : e s e b atiz; |Pounuds T 914 | O et Nov wen Ta.. 54 101 106 the Common stock shall share equally. Real Esta. Mige. & Guar. pfd.—2,080 (g Ty |Green B & W deb B. 32 21 The Plan referred to calls for an exchange of stock of the above named Companies for stock of Curtiss- At T | 3 197 Hav K1 Ry 6%s 61 5 g ~ g Gl A6 Peoples Drug Stores pfd.—5 at 119, bk 100, | Hud & Sun a3 6. i : Wright Corporation, upon the following basis: AFTER UALL. | RnineWst EP 6853 6 921s 9uu | Hud & Man ref 6s.. 19 7 31 No. Shares New Holding Company Ana. & Pot. R R. gtd.—$1,000 at 96. | K10 de Janeiro 6%s 5 2 2 2 | [11Cent 4% 8 €6...0 S Stock for Eack Share Old Company Stock anlt;mar Elec. 5'2 % pfd. 3 .mflgrf)fl SSOII.I < 5 5 5% | [11 Cent Chi 4%4s. ... A Stock Commen Stock ‘apital Traction 58—$1.000 at 99, o Gr Do Sul 5 b | Int Kapid T 5s. 3 ~ . -~ Fotomiac Eleciric cons. 55—82000 at | Kome 6%, s s 9 | Int Hap Tr ba stpd. 12 ; Curtiss Aeroplane & Motor Company, Inc........... One Four andfolr:e-half 1007, s (PW § | Int Rapid Tran 6s.. 26 K 8 S g DR o e 7 Ml e Curtiss .-}lr.p()rts Corporation l};}ve tyveLt s 1020, | Serba Cr Slav i v a6k |1 3 ¢ 88 i Curtiss Flying Service, Inc. Siavevstanays s ive-sixths UNLISTED DEPT. Serbs Crot SloBs... 6 & 89 s 73... b . i 2 v Miller Train Control—100 at 1. Shinyetsy 64u 6i.. g gy It o iR 2 2 gur:;ss éeroplqn(e: pror‘( Corporation....... (]):?veeatndeltfl:{‘:c tenths oissons 68 % day, | Int Ry, S M dow RO “urtiss-Caproni Corporation S i - tw & : S eaenTs 3 31| lowa Centrf4s.... e 1 2 2 Bid and Asked Prices. |neiencs 5 2ia 1022 | Kan City Ft S 4.0 AT Curtiss-Robertson Airplane Manufacturing Company Two BONDS. - 108 | kanmsCity Som i Wright Aeronautical Corporation®™* ..............00 Three and one-quarter . 5 7o | KanCity Term ", e H e . ke O K08, SRS IERL. .. o & et 884 | Lakta Bhore 4591 3 Keystone Aircraft Corporation. . ... > One Amer Tk & Tolen e abe | st o e e ETIR O R Moth Aircraft Corporation Unitt......coeecanses et 7 Bl Liours&Nash uni 4s. 9% 92 | New York and Suburban Air Lines, Inc.... One - 2 | Louis & Nash is... 5 100% T T . 7 MISCELLANEOUS. | stan Ry 1stas 900, 7 67 New York Air Terminals, Inc......c.uvueee Two-fifths Abram&Straus b'ae 9 109 109 | :l’l;kl“l! ;;' L.l "V‘ V.l E 8 5 Ol'le Aj)ax Rubber 88 B0 xnw ! v&I 9 | Alleghany Cp 5 5 1037 104% | M1 EI Ry & L 5s b1 9 ’ \ . 4 soil Alleghany 65 '49 wi 3, ‘5 108 106k | 31::@;;1#{;1 =»: ‘G: 5 8 | ®The right of exchange under the Plan belongs only to holders of common stock of Curtiss-Robertson Airplane Manufacturing Company. Wash. Gas 65, sertes A Ll.. Am Chem 5igs cvi4y O L *+1f the plan is declared efiective, the holders of stock of Wright Aeronautical Corporation who become parties to the Plan, or their suc- Vo, Rwy. % B | 15, |Am lntCor 8% 49151 1Ll b0 1107 MEZASIY CUR. 2 0 g 99 cessors and assiane, will then be entitled upon exchanging their certificates of deposit for stock of Curtiss-Wright Corporation te an op- R oo 1a2% 100 # tion warrant entitling each such stockholder, for a period of three (3) vears from the date when the Plan is declared effective, to s > 102% 1024 M K&T4s B. K ! te . T k e R e ite loan|M Kk aTadsbs j ; e share of the Commmon stock of Curtiss.Wright Corporation at Thirty ($70.00) Dollars a share for every two (2) shares of stock of Hotel Uik 101% « | Mo Pacific gen & 9 72 24 Wright Aeronautical Corporation formerly held by such stockholder. R Cave Biub 3tse. oL ; 3 100k o2 MO Fachs X8 3 g6 9en 08 4 The unit referred to consists of one share of Class A stock and a half share of Clas B stock of the Moth Aircraft Corporaion, and the Pt b Stock 14 Bk # i § 96 o offer relates to the unit as such and no rights are granted to holders of Class A or Class B stock, as such. Wk U e Atmour&Cod kit o i The stockholders and/or holders of voting trust certificates and/or units of the above named STOCKS. Armour Del % . M 4%s5lasst. o1 Companies who desire to avail themselves of the benefits of the Plan should deposit their e s T lNOT . o1 stock and,/or voting trust certificates and/or units, duly indorsed in blank, with the Deposit- s : ¢ ary or any of the Sub-Depositaries hereinafter numed on or before August 15,1929. 1044 1044 | N Y oe | Upon making such deposit each Depositor will, in due course, receive certificates of deposit in accord- Wik RN & B st e e Dot Steer $1a 83 105 102 103 | 8 4 ance with the provisions of the Plan. g e | NATIONAL BANK. B e T N 1oare Copies of the Plan may be obtained at the offices of the Transfer Agents of any of the Companies listed = Bush Term Bldg bs INYChi&StL 5%y B 1051 15 p. A . i 4 above, and at the office of the Depositary and Sub-Depositaries listed below.: e ceottals | Certain-Tas i sreta The names and addresses of the Depositary and Sub-Depositaries are as follows: @ [SPRUIN R N Y T T0 1T ¥5% | Canaa Pac deb 1 The Boards of Directors of the Companies listed above, believing that a close affiliation will be bene- T 10 ficial to the stockholders and/or holders of voting trust certificates and/or holders of units of each Company, ISRl LI, e have approved a Plan under which the stockholders and/or holders of voting trust certificates and/or e % holders of units of these Companies are to be offered an opportunity to exchange their stock and/or voting | Cnes & O cv 4% 90 99 | trust certificates and/or units for stock of a corporation organized or to be organized under the laws of the Bl Chee komn o Leanl ? State of Delaware and to be known as “Curtiss-Wright Corporation.” %flmmurnl Vs daeqlus 8 E Chile Copper bs istrict Pederal-American Liberty L..... Lincoln . Kational Metropolitan . Rigge Gims ¥ Becond 225 National Bank of Washinkton.. 307 TRUST COMPANY 3 American Securily & Trust Co.. CubspAn BUE 88 ontinental Trust Continental Trust ~ 138 4+ | Datroitidison5s40. National Savings ‘& Trusi!]] oA Union Trust... A Duquesne 418 67 Washibgton Toan & Trust..) .\ | Bast Cuba Sug THs SAVINGS BANK. Fisk Rubber 88 Rank of Bethesda... .......... 71 Gen Cable 6% 8°47.. Gommerce & Savines. .21 011330 L. | Gen Mot Ae Cor & ast Washington.... . < Heds : 3 40 | Gooerich 6343 Goodyear bs ret ree ceren Hoe & Co 6%s. it Humble V11 o i hanics hington Mechanic B aEISO08 RiBse. 12 FIRE INSURANCE (liinois Bel 18t b s~ Rxn~xT0 aSn-wTantae 67 67 |N 310 Depositary 5 105 NYS 10 100 | & 2 i ; BANKERS TRUST COMPANY, 16 Wall Street, New York City ,::,‘_ ::I:u. o Sub-Depositaries o 3 el St. Louis Untox TrusT CoMPANY. 4 4% Sdsaasnsisnis ST ovISHIVIG! A-H 5 GIrARD TRUST C?MPANY. SH see Vasseisien s oo PHILADELPRIA; PA, Y8 984 | pennay! con 4 9% gon 994 Bank of ITaLy NaTionat TrusT & SAvINGS AssocIATioN. ... . .Los ANGELES, Cavrr. 106% 1065 | Penna R Sl> 96 861 86y Bank of ITaLy NaTionar TrRusT & SAVINGS ASSOCIATION. . . .SAN Francisco, CaLir. 2w et} ; 25 Lovisviiie TRUSTICOMPANT . ol ol s doubivs coiodvian sy sioss o - JiOUISVALLE Kp, 100 T Tue MariNe TrusT COMPANY OF BUFFALO. .. ...evuvseiv... . BuFFALO, NEW YoRK i | pere MaCa1oLE 2 101 Tue PeopLes TrUsT & Savincs Bank oF CHICAGO. . ..... ..CHicaGo, TLL. e D e 99 Tae First NaTionaL BANk oF BosTON............. ... Bosox, Mass. Reading J C 48§ 0 St b CanaL Bank & Trust CompaNy oF NEw ORLEANS.............NEW ORLEANs, La. | Rio G ! (S mas n sadi 99k 43% 9 GuarpiaN Thust CoMPANY OF DETROIT. . .. ... DeTrorT, MICHIGAN -2 American Corearan Firemen's e National UBioh e TITLE . INSURANCE. Columbia Title...... 14 |10t Match bs ¢ Real Estate Title 3 lut Mer Mari Title & Inv. Co. ¢ ‘Wash. Cons. Title ofd MISCELLANEOUS. Barber & Ross. Inc.. com. ... 18% 19 |ganGa E6sbz... St L&SFrahs o StL&SF prin6s. 99! Ricuaro F. Hoyr, Chairman . 32. 95", 5 25 ek i J. Cueever Cownin Chevy Chase Dairy ptd Conmerclat M € pi fheie menaraicuises; € Seab A L ref & 3: 68 6 B. W. JoxEs, Secretary Lufiu.is HaypEN Binnmi Securities pia. 11110 s 103 | Liswett & Mye 0 114 Bk e A g i) E. E. Beacn, Asst. Sec. C. M. Keys Peeral Arsericar Co. com:1ill: i o 1o |S B Al Fia6s36 A. 2% 62 62 16 Wall Street, : Cuaxrres L. Lawrance P A hame P e e o : : New York City Grayson M.-P. Murpuy Mtdvale s-n;s;.‘.. 569 ww3l £ %TUAAR:;- R. Reep Natl, M R ofd & Mofl‘l Pfl.wlr el .. 8 s <f ~ 5 " 5 b 2 % OMPKINS Fiapisy Brie sie e bt b b 3o 10y 691 ERHERHE J. C. WirLson Security Storage. .. o 121 Sou Rv 6%s E Foa il i o H R oo 3 108 TexArkimRs e ; Committee. 3 ? 4 s 4 ex & Pac 29 4 s _ Wosdwara & Lotniop pfd R LB b e “| tnira ave ref 45 60. 3 CurreLL, Horcnkiss & Mriis, Esars. TR T Ry 20 Pine Street, New York City, J s Dated: July 12th, 1929, Counsel e e S % Louisy G & & 68 62. ManatiSug st 1%4s. i ; soo B 110G LLO Union Pac 1st 4. .. Ufllll'ed Deplrhnent. No Am Ed 5%s°63, 12 100% 100% Union Pac 1at rf 4s Nor States Fow bs. 9% 99 {yfiritreb B2 gt 100% 109 Unfon Pacific 4s ‘68 108 1073 Virginfa Ry 18t 5 98l 98I Wabash 2d &8s 102 102 Wabash 5s 76 B. 8 9% Wabasn 5%s 75, IR Tl West Maryland 4; 894 89% Western Pacific & Chapin Sacks 17z pid. P 361 98ls. 981a West Shore 45 '614. b Ghapin Sacks 87 94 93 Wis Cent gn 45 '49. Connecticut hPI- PIOPRORS == (=t 2 —_— 964 96 U R 96l 94k PARIS BOURSE PRICES: anklin s . Miller Train Control....... .... 9 .99 PAR1S, July 12 (®).—Prices were st O 150 Sinelair O1) 68 9 e onp: Savings Bank Sinciair Ol 6348 frm on the Bourse today. T Northeast Savings Bank. i | Sinelarr Ol 78, cent rentes, rancs 3 Sinclair Crude b%s 95, 1 per_cent loan, 102 francs 40 centimes. “8w 9% 93w kxchange on Londar, 123 francs 91 cen= - 9244 The do Z d.at 28